04 Feb '12, 12am

Silicon Valley Prepares for Facebook Millionaires

Silicon Valley Prepares for Facebook Millionaires

Image: siliconvalleyrealestateteam.com Longtime staffers of Facebook stand to benefit significantly from the recent announcement that social media site Facebook is going public. Silicon Valley’s real estate market is already preparing for the surge in millionaire buyers as a result. There will soon be a surge in ‘instant millionaires’ as longtime Facebook staffers prepare for the social media company’s stock market debut. So what will they all do with their newfound millions? Probably start with real estate and where better than in Facebook’s backyard: Silicon Valley. Founded in Mark Zuckerberg’s Harvard dorm room eight years ago, Facebook has been taking over the media circuits over the past few days with the announcement that the company will be going public. When it happens, possibly next week, Facebook is expected to be valued at $100 billion. Facebook shares will like...

Full article: http://www.hauteliving.com/2012/02/silicon-valley-prepare...

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